Nextracker Variance
| NXT Stock | | | 108.13 6.70 6.61% |
Nextracker variance lookup summarizes this and related technical indicators for Nextracker Class A. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Correlation Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Nextracker Class A within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in world development indicators.
Nextracker Class A has current Variance of 13.44. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 13.44 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Nextracker Variance Peers Comparison
Nextracker Variance Relative To Other Indicators
Nextracker Class A maintains a
second in Variance in variance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
1.60 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for Nextracker Class A is roughly
1.60 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
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